The recent sharp price increases have also put pressure on domestic wealth markets. On the one hand, they recorded strong customer growth due to inflation in recent months and the outbreak of the war in Ukraine. On the other hand, they are confronted with rising fixed costs due to the rise in electricity and fuel prices. For the time being, prices on the social markets should not be increased.
The social markets of soogut in Lower Austria recently registered a 25 to 30 percent increase in the number of customers for weekly purchases. These are clearly due to the current wave of inflation.
Especially people who had the right to shop in the markets before the price increases, but who previously met their needs with discount purchases, are being hit hard. These would now reach their limit due to the increased discount prices. The goods offered on the social markets cost about a third of the price of the discounter – although some are also given away for free.
Alexander Schiel, founder of the Verein Sozialmarkt Wien, also reports significantly more customers. In April, the increase in customers was especially evident due to the price increases and the war in Ukraine. But the effects of price increases on the welfare markets are not only noticeable in the number of customers.
Prices will not be increased for the time being
The increase in electricity and fuel prices and higher shipping costs would increase the fixed costs of the stores by about 30 percent. As long as it is possible, prices in the markets will not be increased. Thus, shopping is still open to all low-income people.
Social markets in Austria for 20 years
There have been social markets in Austria for more than 20 years, the first being opened in Linz in 1999. There are now about 100 social markets throughout Austria. The idea behind it: low-income people can buy goods that haven’t found buyers in the mainstream market.
To shop at a social market, you need an authorization card. You will receive this if you fall below a certain income. Most markets are based on the at-risk-of-poverty threshold of currently around 1370 euros, with some the limit is lower.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
